Integrated, End-to-End Solutions

When making decisions, you need meaningful, accurate, up-to-date information. Unirisx metadata driven solution synthesizes raw data from every aspect of an insurance transaction into the information you most need. Since all programming is taken care of in real time, underwriters can concentrate on managing and controlling risk, and make quick, well-informed decisions.

Our single platform of software is designed to work as a complete end-to-end solution, and adapts to support all lines of business for insurers of every size. Straight through processing eliminates errors from manual data entry and reduces cost. You can look forward to the rapid creation and launch of new products, extended distribution, and real time management of the full policy life cycle.

Easy communication is key towards maintaining relationships within your company. Our user-friendly solution is intuitive, efficient, and encourages collaboration. We ensure that the appropriate information is communicated to the right person at the right time, improving close ratios and retention. It’s also easy to access expert advice and share knowledge, which helps build and retain agent/broker loyalty.

Product Configuration

In a global, multi-language, multi-LOB, multi-channel market place, our powerful product engine drives you to success. Our meta-data driven data model gives you the freedom to define your insurance products, unhindered by system or process constraints. Business users enjoy tremendous flexibility in creating and changing all variables in a product definition, such as product rules, underwriting conditions, rates, forms and features in real time. That flexibility combined with the strength and ease of our system result in incredible speed to market.

Product Configuration

Unirisx’s signature configurability gives you the flexibility you need to define your insurance products and set the system rules that work for you. Transactions are smooth and easy regardless of the complexity of the market.

INNOVATIVE FEATURES AND APPLICATIONS

Unirisx ‘meta-data’ driven model allows end users to define the insurance product unhindered by system or process constraints.

Our product engine is used in conjunction with a range of other ‘generators’, which allows the user to define which elements are required. Generators allow the client to configure everything from the customer journey, to individual product attributes, rates, rules and form, along with other elements such as security profiles, aggregation, underwriting elements, referral criteria, distribution channels, compliance checks, and language preferences.

Our intuitive UI can be used by Underwriters or BAs, who can easily change elements in real time, using user friendly insurance language.

Unirisx ‘define once – use many’ principle means that each element within the configuration is defined in isolation whenever possible, creating a library of individual components that can be used later for rapid product development.

Rating Engine

Our top priority in creating our proprietary rating engine was to ensure that our clients could react to market changes without constraint. That’s why, instead of offering a single solution, we give our clients a range of options and work with you to determine the best approach for rating. Regardless of what option you choose, you always have access to the elements that change frequently – factors, loading, discounts, table values, etc. – so you can react swiftly to market changes.

Rating Engine

We customize our rating engine to fit your approach, so you have as much control as you require, and can respond to market changes with incredible speed.

INNOVATIVE FEATURES AND APPLICATIONS

Your rating system is customized according to the complexity of the product, variability of rating factors, how often those variables will change, your existing landscape and infrastructure, speed and performance requirements, and real time or offline capabilities.

Our proprietary engine can implement clients’ product-specific rating algorithms, and allow clients to make changes to rating factors and algorithms in real time.

If you are more comfortable using an in-house rating engine, or want to use a third party rating engine, Unirisx can smoothly integrate your preferred engine into the solution.

Underwriting Management

Today, global underwriting practices must contend with increasing regulatory and compliance scrutiny. Unirisx offers a robust and control compliant operating platform that frees underwriters and insurance carriers from worry. Our controls functions ensure that compliance can be managed across a wide distribution network and validated in real-time. Underwriters can focus their energy on innovation and generating revenue.

Underwriting Management

New regulations and compliance scrutiny could pose a major headache to underwriters and insurance companies, but Unirisx’s control compliant system offers comprehensive tools to always keep you up-to-date.

Policy Administration

With Unirisx, your policy administration process is simple, fast, and consistent. Our solution covers the entire policy lifecycle, including Quote, Bind, MTA, Renewal, Cancellation, and Reinstatement. Our comprehensive product configuration capabilities allow insurers to easily manage your policies and launch new products. Additionally, as soon as a policy is issued, our system creates and maintains a permanent policy record. With so much of the process taken care of, insurers can concentrate on what they do best: write insurance.

Distribution Channel Management

With Unirisx, direct channel users never have to experience the delays that come with data hand-offs. Though each channel has a different user interface and functions, all access is through a single, unified system. This means that users can enter and view the exact same source of data in real time, resulting in seamless, rapid communication. By taking advantage of our single source system and signature configurability, clients enjoy rapid speed to market.

Distribution Channel Management

Unirisx’s multi-channel system allows full control, access, and support for all distribution channels, and our single source system gives users essential real time access to the same data.

INNOVATIVE FEATURES AND APPLICATIONS

Users can connect and collaborate anytime, anywhere, through the agent/broker portal, the web, smartphones, tablets, and other devices.

User configuration ‘generators’ within the system allow the client to maintain all the relationships within the system, including product hierarchy, individual profiles at each organization, rules, licenses, and more.

Branding – so essential to corporate identity – can be retained or altered through each channel/organization.

With Unirisx, your business process is never bound by arbitrary system rules. Users can take advantage of our signature configurability to define channel rules and product range, and change those in real time during the lifetime of the product.

Document and Forms

As the speed of innovation increases, documents and forms must reflect those changes. Unirisx offers a powerful tool for generating and managing documents, allowing brokers and agents to produce documents right at the point of sale. Clients enjoy control and flexibility, since documents are designed and maintained by you with no restrictions on design or complexity. Additionally, whether your documents need to be printed, emailed as PDFs, or stored for future use, Unirisx intuitive system makes these processes easy.

Document and Forms

Clients must be able to generate, store, change, and share documents with ease. Unirisx makes these processes second nature with an intuitive and dynamic document generator, giving you the flexibility you need to innovate.

INNOVATIVE FEATURES AND APPLICATIONS

Unirisx’s configuration tools allow you to define product specific rules. You can set field level triggers as well as document triggers based on policy lifecycle events to ensure the production of essential documents.

Clients can upload and easily change their own templates, static wordings, or other electronic documentation requirements.

Policies can be printed with document packages that contain all relevant documentation, in any language.

Analytics and Reporting

With Unirisx, users can rely on real-time, meaningful data. Regardless of your choice of implementation model, use of internal or external data storage, or reporting needs, accessing the data you need to make smart decisions couldn’t be easier. Additionally, since Unirisx is a real-time system, providers no longer have to wait as long as 90 days to receive a premium or understand their exposures. Unirisx provides all authorized users with instant visibility.

Analytics and Reporting

In today’s fast-paced market, access to information is key. With Unirisx, you get the data you need as soon as you need it, whenever you need it.

INNOVATIVE FEATURES AND APPLICATIONS

The Unirisx platform has a range of preset reports for standard insurance functions, financial information, user performance, product performance, activity tracking, referral monitoring, etc. When you come across a new report that must be run regularly, we simply add it to the library of available reports.

Claims

The Unirisx system automates the claims system for easy processing, while recording and reporting essential data. Users can smoothly manage claims from First Notification of Loss (FNOL) to close with full audit trails and history, automated coverage verification, reserve calculation, payment tracking, and workflow to internal or third parties (such as TPA).

Claims

The Unirisx claims system easily integrates with other systems and functionalities so the claims process fits seamlessly into your workflow.

INNOVATIVE FEATURES AND APPLICATIONS

The Unirisx claims functionality can integrate with the policy functionality to lodge a First Notification of Loss (FNOL), providing high visibility across all areas, including underwriting and future rating.

Automated coverage verification and interaction with policy data is seamless

At every stage, you have access to full statistical reporting and Bordereaux production.

Billing

The Unirisx system allows for easy management of billing. Carriers have complete flexibility in designing billing and payment plans that fulfill customer needs as well as their own. Additionally, the Unirisx system accurately and efficiently automates customer invoices and payments, so Agents, Brokers, and outside vendors can rely on fast and accurate payments for their services.

Working with Unirisx has allowed us to focus on our service to our clients without worrying about technology. The capacity to create new binding authorities on the system, in a matter of days, without any vendor involvement, plus the ability to configure and modify existing contracts internally, enables us to ensure a cost effective solution for our clients.
Des King, Binding Authorities
Manager at Windsor Partners